Premier Insurance Company proposes distribution of 79.79% bonus shares out of FY 74/75 profits; paid up capital to stand at Rs.1.05 Arba after adjustment
Fri, May 31, 2019 2:41 PM on Dividend, Bonus & Rights, Latest, Stock Market,
Premier Insurance Company Limited (PIC) has proposed to issue 83.99% dividend out of the profits of FY 74/75 for the shareholders.
The 261st BOD meeting held on 17th Jestha, 2076 has proposed to issue 79.79% bonus shares worth Rs.46.60 Crore and 4.20% cash dividend (for tax purpose) worth Rs.2.45 Crore for the shareholders out of the profits of FY 74/75. This decision is subject to approval from Insurance Board after which it will be endorsed in the upcoming AGM of the company.
The current paid up capital of Rs.58.40 Crore will increase to Rs.1.05 Arba after the adjustment of bonus shares.
